The Medicare program made approximately $3.3 million in overpayments to Brookdale Home Health for claims that were incorrectly billed for home health services provided to assisted living residents and others, the U.S. Department of Health and Human Services Office of Inspector General said Monday in releasing the findings of a compliance audit.
Implementing protocols to protect residents and associates during the pandemic, and an agreement to sell a majority stake in its home health and hospice business, sets Brookdale Senior Living up for long-term growth and success, President and CEO Lucinda “Cindy” Baier said Thursday during a fourth-quarter and 2020 full-year earnings call.
Amid a flurry of fourth-quarter and year-end earnings reports released this week, several senior living operators and real estate investment trusts announced moves aimed at harnessing long-term growth, diversification and profitability post pandemic.
Brookdale Senior Living has agreed to sell its majority stake in Brookdale Health Care Services — provider of home health, hospice and therapy services — to HCA Healthcare, the country’s largest senior living company announced Wednesday. The purchase price is $400 million. The move is designed in part to position Brookdale’s core senior housing operations for sustained growth, the company said.
Nineteen senior-level women working in senior living or skilled nursing are being recognized today as Hall of Honor inductees into the McKnight’s Women of Distinction awards program for 2021.
Fifteen women who have worked in senior living or skilled nursing for more than 15 years are being recognized today as Veteran VIPs in the McKnight’s Women of Distinction awards program for 2021. The category is new to the awards program, now in its third year.
Ice, power outages and low temperatures left several Brookdale Senior Living communities and other communities across Texas without power on Tuesday, necessitating the implementation of emergency preparedness plans to ride out the unusual storm.
Omega Healthcare Investors started the year by completing a $510 million deal with Healthpeak Properties that resulted in the acquisition of 24 Brookdale Senior Living communities.
Hunt Valley, MD-based Omega Healthcare Investors reported fourth-quarter adjusted funds from operations of 81 cents per share Thursday, in line with several analysts. But for many, the bigger story to come from Omega last week was its $510 million deal with Healthpeak Properties that resulted in the acquisition of 24 Brookdale Senior Living communities.
Brookdale Senior Living’s ongoing efforts to optimize its portfolio has led the Brentwood, TN-based firm to transition the operations of several communities over the last several months.
